Neuberger Berman receives SEC approval to invest 5% of its Commodities Fund in Bitcoin Futures
Neuberger Berman, a New York-based asset management firm, has gotten approval from the US Securities and Exchange Commission to invest up to 5% of its assets in Bitcoin futures. Neuberger can invest up to 5% of its $164 million Commodity Strategy Fund for Investment in Bitcoin products such as Bitcoin futures and Canadian Bitcoin exchange-traded […]
Jay Clayton, former SEC chairman joins Fireblocks
Jay Clayton, the former chairman of the Securities and Exchange Commission, has joined blockchain infrastructure provider Fireblocks as an advisor. In his new role, Clayton will aid Fireblocks in navigating the regulatory hurdles for developing and deploying digital asset infrastructure, especially around capital markets. Clayton admitted that he supports Fireblocks ‘ belief that “digital asset […]
Lawmakers urge CFTC and SEC to join participants in the crypto space for regulatory clarity
The letter written by two members of the house of representatives seems to request the two government agencies to act in collaboration with crypto participants to increase transparency. Two members of the US House of Representatives have written to the leaders of the Securities and Exchange Commission and the Commodity Futures Trading Commission, requesting that […]
Galaxy digital firm seeks the SEC approval for a Bitcoin Futures ETF
Crypto asset management company Galaxy Digital led by Mike Novogratz, has filed for a Bitcoin Strategy ETF. The fund would be called Galaxy Bitcoin Strategy ETF and also the fund would not invest directly in Bitcoin. The number of organizations filing for a Bitcoin Strategy ETF, which provides investors with exposure to the Futures market, […]
New SEC filings reveal wealth managers gain exposure to Bitcoin via Grayscale
According to new filings with the US Securities and Exchange Commission, or SEC, four wealth management businesses have purchased shares of Grayscale’s Bitcoin Investment Trust, demonstrating institutional adoption of digital assets. Institutional investors are flocking to the Grayscale Bitcoin Trust , which trades under the ticker sign GBTC, seeking more traditional exposure to digital assets. […]